Crown Heights, New York, NY—11213
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Crown Heights, New York, NY
As of Oct '25, the median home price in Crown Heights, New York, NY is $1,048,000, with a year-over-year change of 6.0%. This indicates that home prices in Crown Heights, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,048,000 | 6.0% |
| Single Family | $1,483,000 | 9.0% |
| Condos | $644,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $528,000 | 9.8% |
2 Bed | $696,000 | 5.6% |
3 Bed | $1,025,000 | 6.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Crown Heights, New York, NY
As of July '25, Rentcast reports the average rent in Crown Heights, New York, NY is $3,430, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Crown Heights, New York, NY is studios: $4,070, 1-bedrooms: $3,020, 2-bedrooms: $3,730, 3-bedrooms: $4,080, 4-bedrooms: $3,080. The most common rental property sizes in Crown Heights, New York, NY are 2-bedroom and 1-bedroom, accounting for 41.6% and 35.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,300 | $3,430 |
| Studio Rent | $3,400 | $4,070 |
| 1 Bed Rent | $3,120 | $3,020 |
| 2 Bed Rent | $3,500 | $3,730 |
| 3 Bed Rent | $3,600 | $4,080 |
| 4 Bed Rent | $3,500 | $3,080 |
% of Rental Stock
Property Listings — Crown Heights, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Crown Heights, New York, NY is 81. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $956,000 | 31.0% |
Listing Count | 38 | -17.0% |
| Listings as % of Homes | 0.2% | -17.0% |
Days on Market | 81 | -21.0% |
Demographics — Crown Heights, New York, NY
As of the latest ACS Survey released in 2023, Crown Heights, New York, NY has a population of 69,600, which has increased by 5.0% over the past 5 years. Crown Heights, New York, NY is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 69,600 | 5.0% |
% Under 18 | 23.2% | -2.5% |
% Seniors | 13.6% | 18.3% |
% WFH | 14.2% | 202.1% |
% w/ College Degree | 34.0% | 21.0% |
As of the latest ACS Survey released in 2023, Crown Heights, New York, NY is a predominantly black area, with 58.6% of the population identifying as black. The black population has shrunk by 13.3% in the last 5 years. The second most common race or ethnicity in Crown Heights, New York, NY is white, making up 22.6% of the population. Foreign-born residents account for 32.1% of the population in Crown Heights, New York, NY, and this percentage has decreased by 8.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 22.6% | 9.7% |
% Black | 58.6% | -13.3% |
% Hispanic | 13.1% | 23.6% |
% Asian | 1.7% | -15.0% |
% Foreign Born | 32.1% | -8.0% |
Mortgage and Risk — Crown Heights, New York, NY
According to HUD data as of 2023, there were 119 mortgage originations in Crown Heights, New York, NY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Crown Heights, New York, NY. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 119 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Crown Heights, New York, NY
As of 2024, the percent of homes in Crown Heights, New York, NY under the Section 8 program is 13.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Crown Heights, New York, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 4,439 |
Total Units Section 8 | 3,191 |
% Rentals under Section 8 | 13.7% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$810 | $3,120 | $2,310 |
| 2 Bedroom | -$940 | $3,500 | $2,560 |
| 3 Bedroom | -$410 | $3,600 | $3,190 |
| 4 Bedroom | -$60 | $3,500 | $3,440 |
Affordability — Crown Heights, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 15.3 |
| Median Home Price | $1,048,000 |
| Median Household Income | $62,000 |